FTSE MIB falls to June levels on banking and AI-stock losses
Italy’s FTSE MIB erased summer gains and fell back to lows last seen in June, as banking and AI-linked stocks declined. Technoprobe fell 6.3% and Prysmian dropped 4.7%.
Italy's benchmark shares index has erased its summer gains and slipped to levels last seen in June, as weakness in banking shares and AI-linked stocks pressures the market. 7%. Banks also come under pressure, with the sector adding to the decline.